The November 14 - 20 market report: Curve DAO Token plunges by 15% as sellers apply more pressure.
Between November 14 - November 20, Curve DAO Token has been mostly bearish as its price has been in the falling mode. The price swings of CRV pointed to the presence of medium volatility. The price action on the coin's market translated to the decline of market capitalization. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
Curve DAO Token has been moving reservedly on the backdrop of average volatility. We established that CRV didn't showcase any significant price action due to the market's mild average volatility of 5%. The highest point of the coin's volatility reached 5.51% in the analyzed time frame. The price of the asset had fluctuated the least on November 18, when the volatility plummeted to 0.47%. Since the volatility of 5% can be deemed as mild, the crypto coin's market can be characterised as composed.
The 2% move in the upward direction took place on the second day after the weekly open. The price range of Curve DAO Token formed between $0.58 and $0.62 on November 16 as the price traveled 5% down. CRV ’s performance during November 17 was the following: the price declined by 4% in conjunction with the acceptable trading volume. November 18 kicked off with Curve DAO Token trading opening at $0.56 and then closing the session at $0.54, establishing the 24H low at $0.54 and 24H high at $0.57 in the process. No changes were observed on the crypto coin's market on November 19. Most trading activity on November 20 occurred in the space between $0.55 and $0.52; during this time span, the immediate selling pressure forced the coin to drop to the 24H low at $0.51, though the bulls had also staged the rally to the 24H high at $0.55. During the reviewed time period, the asset was able to achieve the weekly high at $0.63, though at a certain point, the bear pressurized the price down to the weekly low at $0.51. The price action on the weekly time frame made Curve DAO Token within the 15% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.09.
As for the average trading volume in the time slot between November 14 and November 20, the Curve DAO Token market registered the change from $55 663 564 to $25 875 830. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the CRV market had its volume ranging between $44 904 349 and $203 773 531. The asset demonstrated an 57% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 15%.
Curve DAO Token had its total market capitalization change from $399 528 424 on November 14 to $345 184 191 on November 20, the end of the examined time frame. The percentage change in the total market capitalization of CRV amounted to 14%. The price of the coin changed by 15% on the back of the 14% shift in its total market capitalization. In the preceding week, November 7 - November 13, the market capitalization of Curve DAO Token got a 30% adjustment ($543 122 794 to $380 138 207) in comparison to a 14% change last week; this allows getting a deeper insight into the market structure.